ADIB is Live with Iraqi National Switch

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Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB) is live with a new SWITCHWARE® interface required by the Central Bank of Iraq (CBI) to support ADIB’s Iraq branch delivery of ATM acquirer transactions and receiving POS issuer transactions.

Utilizing a single instance of SWITCHWARE located in Abu Dhabi, the system now supports the Iraqi National Switch and enables Iraqi ATMs to accept foreign cardholder transactions and authorize ADIB Iraqi cardholder transactions at foreign ATMs and POS devices. The new system supports multiple currencies and languages and is able to process both magnetic stripe and chip card transactions.

Since 1989, ADIB has relied upon cost effective and scalable CSFi products and services on its mission to provide Islamic banking solutions to the global community. A dynamic bank with a culture of innovation, the bank has pursued an ambitious growth strategy designed to meet and exceed both customer and shareholder expectations. With branches in Egypt, Saudi Arabia, the United Kingdom, Qatar and Iraq, ADIB is one of the largest banks in the UAE with more than 80 retail branches and 720 ATMs.

As the first UAE based financial institution to get approval from the CBI to operate in Iraq, its presence constitutes a key component of their international growth strategy.

For nearly 40 years, CSFi has helped customers around the world meet competitive challenges, achieve operational excellence, and enhance their bottom line.

The ability to accommodate the latest innovations in profit maximizing technology is more important than ever. The flexibility and scalability of SWITCHWARE® G4 is unsurpassed. Learn more about incorporating the transaction processing power, and functionalities of SWITCHWARE® with G4 Web-based Apps in your unique ATM operating environment. Contact Sales to arrange for a personal appointment.

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By : Sales and Marketing /July 17, 2018 /Announcements, News /0 Comment

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